Monthly Archives: February 2019

Succession Planning for Shop Owners

Succession Planning for Shop Owners

In this Shop Owner Success Webinar, host Jimmy Lea was joined by Cecil Bullard, founder of the Institute for Automotive Business Excellence and Seth Thorson, owner of Eurotech Auto in Minneapolis, MN. to talk about some of the basics of Succession Planning that all shop owners should know.  Our panelists get into a  discussion about how to establish an exit strategy for retirement which includes a succession plan, transferring ownership of the business, and paying taxes.  They share first-hand experience about how to change business ownership either by selling, closing, or handing the business to successors. 

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